Vilniaus Baldai - General meeting of shareholders

Resolutions of the Annual General Shareholders Meeting of VILNIAUS BALDAI AB on 20/12/2017

 

On the 20th of December 2017 the Annual General Shareholders Meeting of VILNIAUS BALDAI AB adopted the following resolutions:  

Agenda item #1: Consolidated annual report. The Company‘s consolidated annual report for the FY 2017 ended 31 August 2017.  

Agenda item #2: Company's auditor's report. The report of auditor KPMG Baltics UAB for the FY 2017 ended 31 August 2017 was presented.  

Agenda item #3: Approval of the Consolidated and Company's financial statements for the FY 2017 ended 31 August 2017. Resolution: to approve Consolidated and Company's financial statements for the FY 2017 ended 31 August 2017.  

Agenda item #4: Approval of the Company‘s profit distribution. Resolution: to approve Company‘s profit distribution.

Undistributed retained earnings, brought forward	5 233 266 EUR
Net result for the current year	4 422 779 EUR
Profit (loss) not recognized in the income statement of the reporting financial year	(21 479) EUR
Distributable result	9 634 566 EUR
Transfers to the obligatory reserves	-
Transfers to other reserves	-
To be paid as dividends*	1 049 292 EUR
To be paid as annual payments (bonus) to the Board members	-
Undistributed retained earnings, carried forward	8 585 274 EUR

* 0.27 EUR dividends per one ordinary share.

Agenda item #5: Approval of the new wording of the provisions of the Audit Committee. 
Resolution: to approve the regulations of the Audit Committee of VILNIAUS BALDAI AB (enclosed).  

Agenda item #6: Approval of the new wording of the provisions of the Audit Committee. 
Resolution: to approve composition of the Audit Committee of 3 (three) members elected for a term of 4 (four) years: independent members Tomas Bubinas and Danute Kadanaite, Audit Committee members Vaidas Savukynas. To elect Tomas Bubinas, Chairman of the Audit Committee.       

Agenda item #7: Approval of the new wording of the provisions of the Audit Committee. 
Resolution: to approve To set a rate not higher than EUR 100 per hour for a work in the Audit Committee of VILNIAUS BALDAI AB. To delegate to the Board of the Company to determine the remuneration payment procedure for the Audit Committee members.  

         Additional information:
         Head of Finance
         Jonas Krutinis
         Phone No.: +370 (5) 252 57 00

Attachments:

The audit committtee members of VILNIAUS BALDAI AB.pdf

Regulations of the audit committee.pdf

Consolidated and companys financial statements for the FY 2017 ended 31 August 2017.pdf